Zheng Quan Ri Bao Zhi Sheng·2025-10-24 06:41Core Insights - The core viewpoint of the news is that Guobao Pet Food Group has demonstrated strong revenue growth despite facing short-term profit pressures, highlighting its competitive strength and effective brand strategy in the pet food industry [1][2]. Financial Performance - In the first three quarters of 2025, Guobao Pet achieved a revenue of 4.737 billion yuan, representing a year-on-year increase of 29.03% [1]. - The revenue for the third quarter alone was 1.517 billion yuan, with a year-on-year growth of 21.85% [1]. - The net profit attributable to shareholders for the first three quarters was 513 million yuan, up 9.05% year-on-year, but the third quarter saw a decline of 16.65% to 135 million yuan [1]. Brand Performance - Guobao Pet's self-owned brand business remains a solid foundation for long-term growth, with the high-end sub-brand, Fuleijiate, experiencing over 100% year-on-year growth in online sales during the third quarter [2]. - Overall brand business is expected to grow by approximately 40% year-on-year, with Fuleijiate's contribution to total brand revenue increasing [2]. - The company has established a multi-tier brand matrix covering high-end and mid-high-end markets, enhancing its competitive advantage in niche markets [2]. Industry Context - The pet food industry is currently in a strategic opportunity period for leading companies to increase their market share, with Guobao Pet maintaining significant advantages over other domestic brands in terms of brand scale, coverage, and product development capabilities [2][3]. - The company aims to position itself as "China's No. 1 Pet Food Brand," leveraging its strengths as the domestic pet market continues to expand [3].